Active Listing  ·  102 days on market

209 Park Place Dr

Georgetown, TX 78628
$850,000
4 Bed 4 Bath 3,543 sqft $240/sqft Built 2001 1.08 acres 5-Car Garage Pool Gabriels Overlook Sec 01

Welcome to 209 Park Place — a beautifully updated home set inside the highly coveted, gated Gabriel’s Overlook community. Known for its spacious lots, mature trees, and Hill Country charm, this property delivers the privacy, character, and quality construction that define one of Georgetown’s most desirable neighborhoods. Come experience this exceptional Hill Country estate situated on over an acre of land. The property features a 4-bed, 3.5-bath main home plus a detached 2-bed, 1-bath guest quarters, creating the perfect setup for multigenerational living, extended guests, or a private office retreat. The outdoor living is truly remarkable — the oversized patio, outdoor kitchen, grotto pool, and hot tub come together to form a resort-style experience ideal for entertaining or relaxing at home. The main home offers a warm, comfortable layout designed for everyday family life, with spacious living areas that make it easy to host gatherings of any size. The owner’s retreat features a generous bedroom and an en suite spa-style bath complete with a private sauna. This home truly has it all.

At $240/sqft, this home is priced 6% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

209 Park Place Dr, Georgetown, TX 78628

Property Details

Price $850,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,543 sqft
Lot Size 1.08 acres (47,044.8 sqft)
Year Built 2001
Garage 5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabriels Overlook Sec 01
County Williamson
Zip Code 78628
$/sqft $240/sqft
Days on Market ,
HOA $570/Annually
Annual Tax Est. $14,289.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239580204
List Date July 13, 2026
Elementary School Rancho Sienna
Middle School Liberty Hill (Liberty Hill)
High School Legacy Ranch
School District ,

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 13, 2026 $895,000
Previous ask $875,000
Current ask $850,000
▼ Reduced $45,000 (-5.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
314 Ridge View Dr
Gabriels Overlook Sec 01
$850,000 $275 4 bd / 4 ba 3,089 sqft , 2026-08-18
125 Rosadi Cv
Rancho Sienna
$889,000 $209 5 bd / 5 ba 4,253 sqft , 2026-09-05
124 Summer Oak Ct
Gabriels Overlook Sec 02
$890,000 $254 5 bd / 4 ba 3,506 sqft , 2026-04-10
109 Charmstone Ln
Cimarron Hills Ph 3 Sec 2
$899,000 $232 4 bd / 5 ba 3,877 sqft , 2026-04-03
116 Oak Plaza Dr
Gabriels Overlook
$750,000 $249 3 bd / 3 ba 3,013 sqft , 2025-11-07

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$4,080/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$170,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 5, 2026.

📞 (254) 718-2567 [email protected] More about Luke →